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FOX Business
Feb 28, 2013 4:00pm EST
with the idea that welfare reform passed by republican controlled congress and signed by president clinton was a huge success. the number of people on welfare dropped you from 12.2 million to 5.2 million in a decade. president clinton wrote in "new york times" op-ed. at the time i was widely criticized by liberals who thought the work requirements were too harsh and conservatives thought the work requirements too generous. 60% of mothers that left welfare found work far surpassing predictions of experts. this past summer the obama administration department health and human services dropped the requirement of that reform. they did so without the required approval of congress. >> this is a major expansion of executive authority, if it is legal. if it is legal, it is it's the teeniest loophole they are driving a truck through. >> why did the administration do it? one of the nation's leading scholars on welfare says it boils down to an argument between two schools of thought. those who think welfare recipients should seek work and versus those who lost the 1996 battle, one who thinks welfare r
FOX Business
Feb 18, 2013 4:00pm EST
return during his time in office. the silver, bill clinton, 17.4%. that is just .1 a behind first place. that top spot goes to president barack obama the s&p 500 saw a 17.5% annualized total return during the president's first term in office. okay. just for kicks. here is how the three major indices fared under the president so far. we take a look. it has been a very decent rally since his first inauguration. s&p up nearly 70%. the dow, 77%. and take a look at the nasdaq, more than doubling at 108%. hopefully that is reflected in your 401(k)s and pensions and 529s. david: you have to think of the bottom of the market. the dow was 6,000 in march of 2009. the dow was at 6,000. it started over 14,000 just a year before he was in office. so again, when you start real low you can build real high. liz: don't count out american business coming back. david: of course not. markets here at home are closed for president's day but we are open for business because there is always a way to make money. we have a top manager who is warning of a pullback and says it is time to get very defensive. he wil
FOX Business
Feb 19, 2013 4:00pm EST
clinton was president, nothing shrinks the deficit faster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs. david: but did the president's policies actually help create jobs? our next guest claims that one of the president's positions could actually hurt job growth, particularly in the one group hit hardest by unemployment. michael saltzman is employment policy institute research director and he joins me now. michael, good to see you. so the president made a statement that i think we all agree on that a growing economy would not only help jobs but would also help our deficit but the president also wants this 20%, i guess a 24% increase in the minimum wage. what would that do to the jobs picture? >> well i think what it would do for the jobs picture, specifically the jobs picture for less-skilled employees like teens it would reduce the number of opportunities. it is tied directly to the fact that the type of businesses that employ them. if you're a restaurant or grocery store and you have two or 3% profit m
FOX Business
Feb 13, 2013 4:00pm EST
less than we saw under either reagan or clinton, even when we adjust for differences in overall growth, and that tells you that what we probably need are policies that are targeted directly at job creation, not simply policies targeted at growth. for example, we could -- the main thing we need to do is we need to reduce the cost to business of creating new jobs. we could do that with a cut in the employer's side of the payroll tax. we could do that by strengthening the measures in obamacare which will slow health care inflation because health care costs are the largest and the fastest rising costs for business as well as for government. liz: well, a lot of them do say if you want to help me create jobs, don't make it so expensive for me to cover these workers as far as the health care is concerned, so help us square with that. >> well, the fact is, you know, the cost to employers of health care has been going up 67% a year for 30 years. liz: yeah. >> this is not a problem of obamacare. the problem is that we have not put in place any policies that can slow that. we need, you know, insu
FOX Business
Feb 26, 2013 4:00pm EST
. local kid makes good, went to yale, then, of course, went to work for the clinton demonstration and the obama administration serving as acting deputy secretary of the treasury and the timid the dagger, but, perhaps, his biggest role is right now as acting treasury secretary since timothy get to step down because in less than 72 hours kneele will be the treasury secretary barring any quick, of course, confirmation of jet blue who is waiting in the wings, perhaps. when we kick in with the sequestered, the $85 billion in cuts that will automatically kick in unless there is an 11th-hour deal. in my fox business exclusive, while we spoke a lot about that, i began by asking him how long he is committed to stay at the treasury department. >> i am very focused on doing the work of the treasury. working hard to make sure that he is confirmed as quickly as possible. liz: irs commissioner. i heard. >> i don't think so. it has been a great honor to serve this president and at this time. what i said to the president, what gets sent to jack is i will stay on for inappropriate amount of time.
Search Results 0 to 4 of about 5